Pennsylvania Trust Co lifted its stake in Mondelez International Inc (NASDAQ:MDLZ) by 197.9% during the first quarter, Holdings Channel reports. The institutional investor owned 175,805 shares of the company’s stock after acquiring an additional 116,781 shares during the quarter. Pennsylvania Trust Co’s holdings in Mondelez International were worth $19,274,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently modified their holdings of the company. Wellington Shields Capital Management LLC boosted its position in Mondelez International by 79.2% during the fourth quarter. Wellington Shields Capital Management LLC now owns 56,259 shares of the company’s stock worth $2,252,000 after purchasing an additional 24,873 shares in the last quarter. National Pension Service boosted its position in Mondelez International by 5.6% during the fourth quarter. National Pension Service now owns 1,439,587 shares of the company’s stock worth $68,121,000 after purchasing an additional 76,881 shares in the last quarter. Private Trust Co. NA boosted its position in Mondelez International by 1.2% during the fourth quarter. Private Trust Co. NA now owns 30,426 shares of the company’s stock worth $1,217,000 after purchasing an additional 350 shares in the last quarter. First American Trust FSB boosted its position in Mondelez International by 9.3% during the first quarter. First American Trust FSB now owns 125,481 shares of the company’s stock worth $6,264,000 after purchasing an additional 10,688 shares in the last quarter. Finally, CIBC Asset Management Inc boosted its position in Mondelez International by 4.0% during the fourth quarter. CIBC Asset Management Inc now owns 696,493 shares of the company’s stock worth $27,881,000 after purchasing an additional 26,529 shares in the last quarter. Hedge funds and other institutional investors own 76.85% of the company’s stock.
In related news, EVP Vinzenz P. Gruber sold 10,945 shares of the stock in a transaction that occurred on Friday, February 1st. The stock was sold at an average price of $45.86, for a total value of $501,937.70. Following the completion of the sale, the executive vice president now owns 139,584 shares of the company’s stock, valued at $6,401,322.24. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Alejandro Lorenzo sold 26,347 shares of the stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $46.94, for a total value of $1,236,728.18. Following the completion of the sale, the executive vice president now directly owns 59,320 shares of the company’s stock, valued at approximately $2,784,480.80. The disclosure for this sale can be found here. Insiders have sold 72,127 shares of company stock valued at $3,398,519 in the last three months. Insiders own 1.50% of the company’s stock.
Shares of Mondelez International stock opened at $50.12 on Wednesday. Mondelez International Inc has a 12 month low of $37.42 and a 12 month high of $50.52. The company has a market cap of $72.38 billion, a price-to-earnings ratio of 20.63, a PEG ratio of 2.67 and a beta of 0.90. The company has a quick ratio of 0.30, a current ratio of 0.45 and a debt-to-equity ratio of 0.49.
Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Wednesday, January 30th. The company reported $0.63 EPS for the quarter, meeting analysts’ consensus estimates of $0.63. Mondelez International had a return on equity of 14.03% and a net margin of 12.64%. The business had revenue of $6.77 billion during the quarter, compared to analysts’ expectations of $6.77 billion. During the same quarter in the prior year, the firm earned $0.57 earnings per share. The business’s revenue was down 2.8% compared to the same quarter last year. As a group, equities research analysts anticipate that Mondelez International Inc will post 2.48 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 29th were issued a dividend of $0.26 per share. The ex-dividend date was Thursday, March 28th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.08%. Mondelez International’s payout ratio is currently 42.80%.
A number of equities analysts have issued reports on the company. Zacks Investment Research downgraded Mondelez International from a “hold” rating to a “sell” rating in a research report on Wednesday, April 10th. ValuEngine downgraded Mondelez International from a “buy” rating to a “hold” rating in a research report on Tuesday, March 5th. Piper Jaffray Companies set a $48.00 price target on Mondelez International and gave the stock a “buy” rating in a research report on Friday, April 5th. UBS Group increased their price target on Mondelez International to $56.00 and gave the stock a “buy” rating in a research report on Monday. They noted that the move was a valuation call. Finally, BidaskClub upgraded Mondelez International from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 16th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $47.90.
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About Mondelez International
Mondelez International, Inc, through its subsidiaries, manufactures and markets snack food and beverage products worldwide. It offers biscuits, including cookies, crackers, and salted snacks; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products. The company's primary snack brand portfolio includes Cadbury, Milka, and Toblerone chocolates; Oreo, belVita, and LU biscuits; Halls candies; and Trident gums and Tang powdered beverages.
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